Prediction Markets Are Quietly Turning Into a New Asset Class, Citizens Says

Prediction markets are quickly shifting from a niche sideline to an emerging asset class, with monthly volumes around 10billion,saidU.S.bankCitizens.Thoughtinynexttothemorethan10 billion, said U.S. bank Citizens. Though tiny next to the more than 10 trillion in U.S. equities, they are growing fast as platforms like Robinhood (HOOD), Kalshi and Polymarket scale. The bank said these markets address a core flaw in traditional finance by letting investors trade directly on events like inflation figures, election results, Federal Reserve decisions and regulatory a ...